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Category: Business

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Wigan Athletic: lawyers appointed to investigate collapse of club

Possible gambling connection cited by Rick ParryEFL said various rumours and reports have been circulatingThe administrator of Wigan Athletic has said lawyers have been appointed to investigate the circumstances of the club’s collapse, including the ru…

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Brutal and bizarre: the story of how Wigan collapsed into administration | David Conn

On the day Au Yeung took ownership after a £41m purchase he decided not to fund the club, and an investigation is now dueThe brutal, bizarre collapse of Wigan Athletic has raised many glaring and alarming questions, but one central contradiction lies i…

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Premier League will hand over £1m to help Women’s Super League restart

We want the game to be successful, says chief executiveEFL has not approached for extra funding, Richard Masters addsThe Premier League will donate £1m to help the Women’s Super League restart next season but continues to stand its ground on providing …

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FA to make 124 positions redundant with Covid-19 bringing £300m losses

Coronavirus forces FA to focus on ‘core functions’Clarke: ‘There will be problems that will last for years’The Football Association has announced it is to make 124 positions redundant as it confronts potential losses of £300m because of the coronavirus…

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FA to make 124 positions redundant with Covid-19 bringing £300m losses

Coronavirus forces FA to focus on ‘core functions’Clarke: ‘There will be problems that will last for years’The Football Association has announced it is to make 124 positions redundant as it confronts potential losses of £300m because of the coronavirus…

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FA to make 124 positions redundant with Covid-19 bringing £300m losses

Coronavirus forces FA to focus on ‘core functions’Clarke: ‘There will be problems that will last for years’The Football Association has announced it is to make 124 positions redundant as it confronts potential losses of £300m because of the coronavirus…

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Mike Gordon: the quiet man who makes FSG’s Liverpool vision a reality

The FSG president has overseen crucial decisions involving the Liverpool team, infrastructure and fans, and shown he learns from mistakesThe crisis enveloping Liverpool in October 2010 ensured Mike Gordon arrived at the club unnoticed and unheralded. T…

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Operators of gyms and pools query England’s new lockdown rules

Nightclubs also off limits but pubs can open – prompting accusations of inconsistencyCoronavirus – latest updatesSee all our coronavirus coverageThe government has given the green light to a night out in a pub or restaurant in England but gym workouts,…

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Rashford’s voucher victory only a ‘sticking plaster’ for the poor

Huge gap identified between benefit payments and the amount need to escape povertyThe successful school meal voucher campaign waged by the footballer Marcus Rashford provides only a “sticking plaster” for households living well below the poverty line a…

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Newcastle’s Steve Bruce frustrated by uncertainty as takeover stalls

Manager preparing for Sunday’s visit of Sheffield UnitedSaudi Arabian-led buyout still incomplete after 11 weeksSteve Bruce has admitted Newcastle United’s stalled takeover is causing “uncertainty” at the club and said he remained “in the dark” about t…

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Newcastle’s Steve Bruce frustrated by uncertainty as takeover stalls

Manager preparing for Sunday’s visit of Sheffield UnitedSaudi Arabian-led buyout still incomplete after 11 weeksSteve Bruce has admitted Newcastle United’s stalled takeover is causing “uncertainty” at the club and said he remained “in the dark” about t…

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Premier League returns but at Newcastle everything has stopped | Louise Taylor

With the takeover in limbo and backroom staff on furlough, will Steve Bruce and his squad be able to concentrate on football?In Samuel Beckett’s play Waiting for Godot the supposedly central figure never actually turns up. As time passes, one character…

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Premier League clubs set for £500m collective loss due to coronavirus

Loss of TV income and matchday revenue hits hardNew TV deal from start of next season will soften blowPremier League clubs should be braced for a collective £500m loss of revenue because of the coronavirus pandemic, Deloitte has warned.The accountancy …

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Premier League clubs set for £500m collective loss due to coronavirus

Loss of TV income and matchday revenue hits hardNew TV deal from start of next season will soften blowPremier League clubs should be braced for a collective £500m loss of revenue because of the coronavirus pandemic, Deloitte has warned.The accountancy …

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Tottenham take £175m Bank of England loan to ease coronavirus impact

Spurs fear losing more than £200m of revenue to June 2021Loan will not be used to buy new players in summerTottenham have borrowed £175m from the Bank of England to help them through the next year or so, as they respond to the financial destruction of …

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Formula One carmaker McLaren cuts 1,200 jobs amid Covid-19 crisis

Group is seeking to raise £275m after racing season and supercar sales ground to a haltCoronavirus – latest updatesSee all our coronavirus coverageMcLaren Group, the Formula One team owner and maker of supercars, is cutting 1,200 jobs as it seeks to we…

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Gary Neville warns of looming financial ‘nightmare’ for Football League clubs

Neville predicts ‘carnage economically’ in coming monthsWest Brom chairman says club want to play out seasonGary Neville has said he fears a financial “nightmare” is looming for Football League clubs because of the ongoing coronavirus crisis.“I do thin…

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The Premier League must finally share wealth to save English football | David Conn

The argument for financial reform is at last beyond credible dispute as historic clubs face ruin owing to the Covid-19 crisisEven before football was plunged into crisis by the Covid-19 pandemic, influential people in the game were discussing the need …

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Manchester United warn of long-term economic effect of virus to clubs

Club suffered £28m loss in first three months of yearBroadcasters due £20m rebate even if season completedThe Premier League will suffer an economic fallout from the coronavirus pandemic for “years to come”, with clubs facing a broadcasting bill of at …

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Coronavirus-hit Formula One to pay teams 100% of prize money

10 of season’s 22 races postponed or cancelled amid pandemicOwner Liberty Media to announce move on ThursdayFormula One’s teams will get their full prize money despite nearly half of its events getting the red light due to the coronavirus pandemic, own…